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Gas generator maker ERock debuted on the NYSE with a $5.5 billion valuation despite a 6.5% share drop, citing surging demand from AI data center power projects.
Houston-based ERock raised $600 million in its U.S. IPO to fund expansion of its natural gas generator business, targeting 1.2 GW annual assembly capacity by 2026.
ERock, a natural gas generator manufacturer, targets a $5 billion valuation in its US IPO to fund capacity expansion driven by surging energy demand from AI data centers.
ERock, a provider of modular natural gas-powered power systems, filed for a US IPO on the New York Stock Exchange under the symbol EROC, with Morgan Stanley and J.P. Morgan as lead managers.
ChemBrief